Office of Hearing Officers

The Office of Hearing Officers is an office of impartial adjudicators of disciplinary cases brought by FINRA’s Department of Enforcement against FINRA members.

The Office of Hearing Officers maintains strict independence from FINRA's regulatory programs and is physically separated from other FINRA departments.

Hearing officers are not involved in the investigative process. Employment protections exist for hearing officers to further ensure their independence; they may not be terminated except by the FINRA Chief Executive Officer, with a right to appeal to the Audit Committee of FINRA's Board of Governors.

View:  Orders and Decisions Chronologically  |  Orders by Topic  |  Orders by Rule
Date of Decisionsort ascending Proceeding No. Title Type Order No.
Mar 30, 2016 2013036681701 Order Granting Enforcement’s Motion for Leave to Withhold Documents From Discovery. Disciplinary Order 16-15
Mar 25, 2016 2015044379701 Order Denying Rule 9252 Request Disciplinary Order 16-14
Mar 23, 2016 2010024522103 APPEALED: Brett Ian Friedberg Disciplinary Decision
Mar 18, 2016 2012034719701 APPEALED: Paul E. Taboada Disciplinary Decision
Mar 11, 2016 2013038418201 Order Denying Respondent’s Motion to Compel Member Firm to Produce Additional Documents. Disciplinary Order 16-12
Mar 10, 2016 2012031496501 Order Denying Respondents’ Motion for Partial Summary Disposition. Disciplinary Order 16-11
Mar 4, 2016 2014040501801 Order Denying Respondents’ Motion for Summary Disposition Disciplinary Order 16-09
Mar 4, 2016 2013036836801 Order Denying Respondent’s Rule 9252 Request Disciplinary Order 16-10
Mar 3, 2016 2014040968501 Omnibus Order on Pre-Hearing Motions Disciplinary Order 16-13
Feb 29, 2016 2014043020901 Order Denying Respondent’s Motion Pursuant to FINRA Rule 9252 and Granting Respondent Leave to Supplement Disciplinary Order 16-07
Feb 29, 2016 2012034936005 APPEALED: David Joseph Escarcega Disciplinary Decision
Feb 26, 2016 2014041724601 Order Denying Respondents’ Motions 1) For Summary Disposition and 2) To Disqualify Enforcement Counsel Disciplinary Order 16-16
Feb 25, 2016 2014043020901 Order Denying Respondent’s Motion to Compel Production of Documents Disciplinary Order 16-08
Feb 22, 2016 2014040501801 Order Denying Motion for Permission to Present Expert Testimony Disciplinary Order 16-06
Feb 16, 2016 20080148227-02 Order Denying Respondents’ Preclusion Motion Disciplinary Order 16-05
Feb 12, 2016 2013036678201 Tracy Chen Disciplinary Decision
Feb 3, 2016 2012033393401 Order Granting in Part and Denying in Part Respondent’s Motion in Limine to Exclude the Testimony of KA, BS, and MC. Disciplinary Order 16-04
Jan 29, 2016 2014040295201 Order Denying Respondents’ Motion for Expert Testimony Disciplinary Order 16-02
Jan 28, 2016 2015044379701 Order Denying Motion to Dismiss Disciplinary Order 16-03
Jan 20, 2016 2015044960501 Order Denying Motion to Admit Newly Discovered Evidence, dated January 20, 2016. Disciplinary Order 16-01
Jan 15, 2016 2012033362101 APPEALED: Thomas Edmund Connors Disciplinary Decision
Dec 22, 2015 2014040968501 Order Granting in Part and Denying in Part Enforcement's Motion in Limine to Preclude the Respondent from Introducing Testimony and Evidence at the Hearing Disciplinary Order 15-15
Dec 18, 2015 ARB150039 Order Dismissing Expedited Proceeding Pursuant to FINRA Rule 9559(m) Expedited Order EXP15-02
Dec 18, 2015 2012034393801 APPEALED: Aon D. Miller Disciplinary Decision
Dec 3, 2015 ARB150048 Order Granting Complaint’s Motion for an Order Pursuant to Rule 9559(m) and Deeming September 15, 2015 Notice of Suspension Final FINRA Action Expedited Order EXP15-03